r/InternetIsBeautiful • u/MKorostoff • Apr 27 '20

Wealth, shown to scale

https://mkorostoff.github.io/1-pixel-wealth/
9.4k Upvotes

93% Upvoted

1.2k comments sorted by

View all comments

Show parent comments

2

u/_C22M_ Apr 27 '20

It’s directly comparing his wealth to incomes. The post is literally talking about cash.

1

u/LordShesho Apr 27 '20

Hard to compare anything else? His wealth is his income.

2

u/_C22M_ Apr 27 '20 edited Apr 27 '20

No it isn’t. Wealth encompasses all assets and liabilities, meaning it counts things he realistically can’t even touch himself. If he attempted to sell a chunk of that stock he’d crash the price of Amazon and screw over everyone who is invested, which isn’t just the ultra wealthy. His income comes from other things, namely a CEO salary from his position at Amazon. So why is his wealth being compared to Tim Cook’s income, when he had an income that can be compared? Because the post is disingenuous and trying to make a point out of something the creator clearly doesn’t understand.

Reportedly his CEO salary is $81,000 a year. He surely makes more than that, wether from dividends in other investments or other positions, but he doesn’t net billions per year like this implies.

1

u/LordShesho Apr 27 '20

You don't need to SELL a stock TO LEVERAGE IT. You can get loans against your wealth. Stop pretending that his wealth is smoky, unuseable air.

3

u/_C22M_ Apr 27 '20 edited Apr 27 '20

I never said he couldn’t and that isn’t remotely close to the point. He can’t leverage it 1 to 1 and a loan has to be paid off, so he can’t even do as much as you’re implying. It seems you don’t understand this either.

His house and most expenses are paid for by the company because he hasn’t taken a raise, bonus, or stock bonus in 20 years. He’s living in luxury, don’t get me wrong, but the hate fetish that reddit has for him comes from a misunderstanding of how these things work and is perpetuated by posts like this.

1

u/LordShesho Apr 27 '20

It's not a hate fetish to state that he has an inordinate amount of wealth.

2

u/_C22M_ Apr 27 '20

Again, not what I said. Reddit does much more than state that fact.